Finceptive launches ₦3B commercial paper programme, marks entry into Nigeria’s debt market - Trade Treasury Payments

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Finceptive launches ₦3B commercial paper programme, marks entry into Nigeria’s debt market

Finceptive Limited, a Nigerian supply chain finance company, has completed a ₦3 billion commercial paper issuance, marking its debut in the domestic debt capital market. The Series 1 issuance, with a tenor of 268 days, was arranged by Cordros Capital Limited and registered on the FMDQ Securities Exchange.

The offer, which was open for subscription between 6 and 12 May 2025, closed oversubscribed, with participation largely from institutional investors. According to the company, proceeds from the issuance will be directed towards expanding operations and supporting growth initiatives in Nigeria’s supply chain finance segment.

Finceptive operates across multiple sectors, including fast-moving consumer goods, manufacturing, telecoms, and financial services. Its primary service offerings include factoring and receivables financing solutions designed to improve liquidity and working capital efficiency for corporate clients.

The company holds current investment-grade ratings of BBB (DataPro) and BBB- (Agusto & Co). These ratings were in place prior to the issuance and reflect the company’s financial and operational profile at the time of assessment.

The commercial paper market in Nigeria continues to attract issuers seeking alternative short-term funding channels.